Open A New Card And Transfer Balance

Obama administration backs off on detainee transfer to Thomson

The Obama administration conceded Monday it won't move detainees from Guantanamo Bay, Cuba, to a little-used prison in Thomson, Ill.

U.S. Attorney General Eric Holder sent a two-page letter to U.S. Sen. Dick Durbin, D-Ill., on Monday, saying the Federal Bureau of Prisons would operate the facility solely for prisoners in the U.S. prison system.

"The Thomson facility would only house federal inmates and would be operated solely by the Bureau of Prisons," Holder wrote.

Durbin said Monday he thinks this ends the possibility of the Obama administration moving detainees to Thomson.

"From my point of view, the policy is clear," Durbin said.

Republicans and Democrats in Illinois' congressional delegation last month sought the administration's pledge in the hopes it would loosen congressional purse strings and allow purchase of the prison, which would lead to the creation of 1,000 new jobs in the region.

For months, the idea of moving detainees to Thomson - first raised by the administration as a possibility in November 2009 - has laid dormant in the face of bipartisan opposition in Congress.

However, the administration's request for $237 million to buy, renovate and operate the prison as a maximum security lockup to ease overcrowding also hasn't been able to get through Congress.

Last month, Durbin joined congressional Republicans from the state in asking the administration to clarify its intentions.

Republicans, led by U.S. Sen. Mark Kirk, R-Ill., already had said Congress wouldn't pay for the purchase of Thomson without a guarantee from the administration that it would not move Guantanamo Bay detainees there. Republicans, led by Sen. Mark Kirk, R-Ill., already had said Congress wouldn't pay for the purchase of Thomson without a guarantee from the administration that it would not move Guantanamo Bay detainees there.

"We appreciate the administration's reversal of position in agreeing not to transfer any Gitmo detainees to Thomson and look forward to working with them to complete the sale of Thomson to the Bureau of Prisons for use only as a federal prison," said a statement issued by Kirk and attributed to a number of lawmakers, including U.S. Rep. Bobby Schilling, who represents the 17th District. "We will remain vigilant to ensure Congress stands with the American people and extends the current prohibition on transferring any Gitmo detainees to the United States."

The fate of Thomson, built in 2002 but sparsely used, has been hanging in the balance of a national political debate since the administration announced in December 2009 that it planned to purchase the prison to house the detainees.

12 Month Balance Transfers - 0% Balance Transfer Credit Cards

12 Month Balance Transfers

When financial times are tough, it is easy to find yourself carrying a balance on your credit card accounts month to month and those balances can make things even worse. Credit cards can be a very convenient way to manage your money but more often than not they become overloaded leading to increasing interest payments and potentially, financial ruin.

If you find yourself in this position, struggling to make even the minimum monthly payments you are not alone! Many of us are in the very same position. Rescue is available however and could come in the form of a 12 month balance transfer account. You may be curious how they work or if they are the right solution for you. Take the next few minutes go find our more about these important balance transfer options.

What Is A 12 Month Balance Transfer

It may not seem like it but credit card lenders are in a fierce competition for your business. They need to add customers to their rolls every month. That is why they offer incentives to their customers. One very popular incentive is the 12 month balance transfer option. This feature will allow borrowers to transfer the outstanding balance from their other card or cards to their new account.

Now, you may be asking why you would want to get a new credit card when your existing cards are already causing your such trouble. The answer is simple actually. With the balance transfer option offered by lenders, you often get a very low interest rate, perhaps as low as zero percent interest per year! This means you can transfer the balances from the other cards and pay them back with no interest. You save tons of money!

Okay, I hear your next question. Why would the bank or credit card company let you pay back a balance with no interest? Again, the answer is quite simple and yet frustrating. The new lender is taking a gamble that you will not pay back the full amount of the balance transfer in time and they will be able to charge interest down the road.

Your new lender also knows that you are very likely to use your credit account to make new charges. Of course each offer is different, but most balance transfer offers will take the opportunity to charge a different, much higher interest rate on new charges.

Now there are literally hundreds of offers that include a transfer option, your job now is to find the one that is best for your financial lifestyle and needs. This article deals specifically with the 12 month balance transfer option but there are many others from three months to open ended.



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